2G + CWG Scam + Anti-Corruption Wave – Strong Chance for SP in Uttar Pradesh. UPA Central Govt May Collapse
The Indian Political Economy is in Short Term trouble for sure. The under-the-table cooperation model between politics and business in India had clearly broken down due to a series of corruption scandals like the Commonwealth Games, 2G Spectrum Scam, SEBI Consent Order Scam, Mining Scam Across the Country, etc
The ruling Congress / UPA will face an adverse outcome due to its direct / indirect involvement in the series of scams across the length and breadth of the country under the weakest Prime Minister in World history. Mulayam Singh Yadav’s Samajwadi Party likely to win the Read more
MNREGA + Food Security Bill = Congress Govts Weapons of Destruction for India
The Congress Government at the Helm of affairs in India over the past 6 to 7 years have enhanced the Fiscal Deficit by overspending on so called Social Projects like the MNREGA with massive corruption and leaving the state coffer empty. Adding to this was a series of Scams in 2008-09 – Spectrum Scam, SEZ / Land Bank Scam Across India and finally the CommonWealth Games Scam.
The opposition cornered the Congress government headed by Economist Dr. Singh but remotely controlled by others. The spineless Read more
IRCTC Modifies Tatakal Reservation Rules to Curb Frauds by Agents – Details
IRCTC had a facility known as Tatkal Reservation enabling last minute travelers to board the Train to their destinations. However, the scheme was mis-used to a large extent because of Agents. Thus to provide the real benefit of the scheme, Indian railways has modified the IRCTC Tatakal Reservation Rules.
- Booking Allowed only one day in advance excluding the day of travel. In some Cases the booking maybe allowed 2 days in Advance depending on the Origin and Destination of Train. For Example, on Bangalore to Mumbai Chalukya Express, if you are boarding from Pune, then you can book 2 days in advance. IRCTC Systems have been designed to consider the departure time at Origin for the Rule of One Day in Advance for Tatkal Tickets
- A maximum of 4 Passengers can be Read more
Censoring the Indian Web – Kapil Sibal Trashed Makes Mockery of Himself
India’s Minister for Communications, Telecom and IT, Kapil Sibal who invited Executives of Twitter, Facebook, Google, Yahoo and Microsoft to discuss option on censoring the content on their respective platforms, made a mockery of himself as Indian netizens tweeted in millions as #IdiotKapilSibal
Kapil Sibal is upset over I Hate Sonia Gandhi Web Pages and Content across the web trashing the reputation of Gandhi Family and corrupt Government. Kapil for sure didn’t do his homework well because none of these companies are Indian and they won’t budge over to his request.
Indian Government must improve its Governance and attitude towards it citizens treat them like valued customers to win their hearts rather than silencing their freedom of speech. Any such efforts Read more
Indian Politicians + Bureaucrats Let Growth Opportunities Down the Drain
As we lay to rest the problems in Eurozone, of course temporarily, we would like to give more detail and colour on Political Deadlock in Delhi and how it is hurting the Indian economy.
How much ever FM Pranab Mukherjee may try to shield his Government in the Press, the Fact is policymaking mechanism in Delhi has now remained jammed for more than a year. There is political infighting within both the main political parties in New Delhi. Hence trust is in short Read more
SEBI Consent Order – Is Reliance Mukesh Ambani Guilty of Insider Trading above Indian laws ?
Whistleblower of the SEBI Consent Order Scam and Corruption at High Places, K Abraham former Board Member of SEBI in his letter to the Prime Minister of India has openly said that SEBI Chairman is pressurizing to settle Mukesh Ambani’s Reliance Insider Trading Case for peanuts. Reliance Mukesh Ambani has profited Rs 500 Cr in Reliance Shares Insider Trading and is liable to fine of Rs 1500 Cr. Read more
SEBI Consent Order Scam Cause Loss of Rs 40,000-50,000 Crore to Government
Politicians and Bureaucrats along with unethical Business Houses including Foreign Investors, Banks, Stock brokers, etc mostly from Dalal Street together have caused a revenue loss of Rs 40,000 Crore to Rs 50,000 Crore to the Government of India since 2002 by means of Consent Orders passed by SEBI.
What is a Consent Order ?
SEBI is a regulator for Stock Market and related entities. It investigates the wrongdoings and fines the culprits. The Culprits without Read more
RBI Must Investigate the Surge in Exports – Possible Black Money Laundering
Kotak Securities known for investigative research on Indian Companies and Economy pin-pointing the wrong doings ir-respective of his stature – Prime Minister or RBI or Mukesh Ambani is commendable, in out opinion.
Kotak Analysts are unable to tally the data of Exports and the sudden surge ahead of the Government signing treaties with various nations to prevent Black Money and Laundering. Here are some of the obvious questions which RBI as banking Regulator must investigate and explain.
Engineering goods exports accounted for 55% of incremental Read more
Supreme Court Bans GPA / SPA / Agreement for Sale in Real Estate to Curb Black Money
The various Governments be it Congress, BJP, AIADMK, etc all lacked the will to curb black money and the windfall il-legal profit Goons and Politicians made by looting general public by means of Real Estate Deals. The Honorable Supreme Court waited for too long and hence decided to pass an order where-in all Real Estate Deals by means of General Power of Attorney, Special Power of Attorney or Agreement for Sale to curb BlackMoney and weed out all the agents who artificially jacked up the prices.
Modus Operandi – A Goon / Property Agent usually backed by local Corporator / MLA lures a property seller and gets an Read more
India’s Corruption at Peak – Worst Governance since Independence – CAG Vinod Rai Justifies
It is a matter of shame that an Economist and a person like Dr. Manmohan Singh is occupying the seat of the Highest Authority in India when Corruption is at Peak with Billions of Dollars looted from India and stashed in tax heavens, Governance at its Worst. Eminent Economists, Industrialists with Clean background and Professionals have raised their voice against the Government in open, yet the game of remote control of puppet PM continues. How Long ?
Captains of the Indian Industry sent a Strong Message to the Government for its impotent Governance,
Growing Governance Deficit, Galloping Corruption and The urgent need to distinguish between ‘Dissent’ and ‘Disruption’.
You can read the Full Letter address to the Prime Minister of India here. [PDF]
CAG, Vinod Rai one of the brains behind unearthing 2G Spectrum Scam, CWG Scam, Read more